KONTAN.CO.ID - NEW YORK, May 4 (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway BRKa.N sold its entire holding in media and entertainment company Paramount Global PARA.O at a loss and he took sole responsibility for the decision. "It was 100% my decision, and we've sold it all, and we lost quite a bit of money," Buffett said at Berkshire's annual shareholder meeting in Omaha, Nebraska. Berkshire held 63.3 million Paramount Class B shares at the end of 2023 or about 10.1% of the company.
Warren Buffett Says Berkshire Sold Entire Paramount Stake at a Loss
KONTAN.CO.ID - NEW YORK, May 4 (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway BRKa.N sold its entire holding in media and entertainment company Paramount Global PARA.O at a loss and he took sole responsibility for the decision. "It was 100% my decision, and we've sold it all, and we lost quite a bit of money," Buffett said at Berkshire's annual shareholder meeting in Omaha, Nebraska. Berkshire held 63.3 million Paramount Class B shares at the end of 2023 or about 10.1% of the company.